Use the following income and balance sheet information to calculate net cash provided or used by the operating activities. Income Statement for the year ended December 31, 2010 Net sales $ 620,000 Cost of goods sold (420,000) Gross profit 200,000 Less: Operating expenses (65,000) Depreciation expense (50,000) Income from operations $ 85,000 Gain on sale of equip. 60,000 Net income $ 145,000 Dec. 31, 2010 Dec. 31, 2009 Inventory $ 50,000 $ 45,000 Accounts receivable 90,000 101,000 Prepaid insurance 6,000 3,000 Accounts payable 35,000 45,000

		A. $128,000 provided
		$142,000 provided
		$135,000 provided
		$195,000 provided